Wednesday, 18 November 2020

Task 3: Business plans and models

 Business plan- usually a pitch or document which sets up a business' future objectives and the strategies for achieving them.


Business model- a plan which focuses on where your revenue is coming from and how to get that said revenue, i.e. selling video games to the gamers. And how to turn the production cost into a profit.

Sustainable business model- a sustainable business model essentially means that you can create the product you sell relatively easily, and everything you need to make your product is very easy for you to access. Hence, your business will have a very sustainable income.

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